On July 9, the price of Apple’s stock exceeded its historic high and reached $145.13 per share. The previous record was set on January 25, 2021 when the shares of the IT giant gained 1.42%, hitting $145.27 per share 1. Nowadays, Apple is considered the world's most valuable company with a market cap of $2.4 trillion. In the period from July 5 to July 9, Apple shares posted a new record. Thus, on July 7, their price was the highest since January 25, 2021. Notably, there were no important events that could drastically influence the value of the company’s stocks. According to a report by Fox Business, Apple stocks surged amid an overall rally of the S&P 500 and the Nasdaq Composite that have also reached their fresh all-time highs, with annual gains of 13.8% and 16% respectively. Gary Kaltbaum, president of Capital Management, noted that "the big money flows are heading right now into Amazon, Apple, Google, Facebook, and Microsoft». Apple is expected to report on its earnings on July 27, 2021.
